Low Inflation Or Early Warning? The Reality Of The Iraqi Economy According To Inflation Data.
Economy 2025-06-20 | 04:03 656 views Alsumaria NewsThe Iraqi Statistical Authority announced that the monthly inflation rate in the country declined by 0.3% during the month of April, while the annual general inflation rate recorded 1.6%, and core inflation 0.6%.
However, it is noteworthy that food prices continued to rise annually by 3.2%, despite the decline in the prices of bread, meat, and fish. This is due to sharp jumps in the prices of fruits and vegetables, which rose by 13.7% and 8.4%, respectively, according to the economic expert.Manar Al-Abidi.
He saysAl-ObaidiIn a blog post, it was noted that tobacco prices declined by a significant 26%, while clothing and footwear prices saw a slight annual increase of 2%. Household appliances recorded a 1% decline, while furniture and office equipment prices rose by 0.5%.
In terms of geographical distribution, the annual inflation rates by region were as follows:
Kurdistan: 1.1%
Central Governorates: 1.4%
Southern Governorates: 3.1%
It shows that the decline in prices, despite its positive impact on the citizen, especially in sectors such as electrical appliances and furniture, mayReflectsA market recession is a result of weak consumer confidence, limited liquidity, and declining financing for the private sector, particularly given the weak insurance services provided by financial institutions.
Although lower inflation may appear to be a positive indicator, it may also be a bellwether.warningA recession threatens to reduce private sector job opportunities and weaken the competitiveness of local products due to rising costs.
This could lead to further pressure on the public sector, given the high unemployment rates, according to Al-Obaidi, who stresses that close monitoring of economic indicators is required, and serious steps are taken to stimulate economic activity and support the private sector, to prevent signs of recession from turning into a broader crisis affecting the entire Iraqi economy. LINK
The First Meeting Of The Special Committee For Establishing The Iraqi Media City
Posted on2025-06-20 by sotaliraq June 20, 2025: The Special Committee for the Establishment of the Iraq Media City held its first meeting, chaired by the Deputy Minister of Culture, Tourism and Antiquities, Fadel Al-Badrani. A statement from the Baghdad Governorate stated that the Technical Deputy Governor of Baghdad, Mr. Hani Al-Rubaie, participated in the first meeting of the committee in charge of establishing the Iraq Media City, which was held under the chairmanship of Dr. Fadel Al-Badrani, Undersecretary of the Ministry of Culture and Information.
He explained that the meeting was attended by a number of prominent media and artistic figures, including: Mohammed Al-Rubaie, Director General of the Directorate of Relations and Media in the Baghdad Municipality; Jabbar Judy, Director General of the Cinema and Theater House; Alaa Majeed, Director General of the Department of Musical Arts; Ali Sabah, representative of the Iraqi Media Network; Jabbar Trad, representative of the Iraqi Journalists Syndicate; and Mazen Mohammed, representative of the Iraqi Artists Syndicate.
He added that this meeting comes within the framework of efforts aimed at establishing an integrated media city, aiming to support and develop the media and arts sector in Iraq, and providing an incubator environment for media and artistic creativity, which contributes to the advancement of the Iraqi cultural reality. LINK
Iraqi Oil Prices Rise In Global Markets
Friday, June 20, 2025 12:15 | Economic Number of reads: 210 Baghdad / NINA / Iraqi oil prices rose on Friday during daily trading in the global market.
According to data, Basra Medium crude recorded $75.78 per barrel, while heavy crude recorded $72.83 per barrel, with a change rate of 1.11% for both.
The data also showed global oil prices, with British Brent crude recording $77.27, while US West Texas Intermediate crude recorded $75.67 per barrel, with a change rate of -1.58% and +0.56%, respectively. /End https://ninanews.com/Website/News/Details?key=1235421
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